Pensacola, Florida Entrepreneur Gets an SBA Loan
Want a Florida SBA loan? This Florida entrepreneur got an SBA loan, provided by a Louisiana bank that works with the SBA to help small business owners.
Getting a small business loan in Pensacola, Florida was a top priority for this particular business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Whitney National Bank. Here are the details on this Florida small business loan.
SBA Loan Borrower
COMPANY TYPE: TRUCKING
PENSACOLA, FL 32501
SBA Loan Lender
WHITNEY NATIONAL BANK
228 ST. CHARLES AVE
NEW ORLEANS, LA 70130
This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
4213 - Trucking
Loan Approval Date
9/21/2000
Loan Approval Gross Amount
$345,000
Loan Approval from the SBA
Of the total $345,000 loan amount, the SBA guaranteed $258,750.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 100 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Whitney National Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.
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